2023 LO Comp/Bonus Thread
YoE (since Grad / on Buyside):
Sector Focus/ Asset Class:
Total 2023 Comp (Base + Bonus):
Total 2022 Comp (Base + Bonus):
Notes / Performance:
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YoE (since grad / on buyside): 5 years since undergrad, all on the buyside. Moved to a large boutique mid-year as an analyst in a T1 city.
Sector Focus/ Asset Class: Generalist
Total 2023 Comp (Base + Bonus): 200k base + $50k stub bonus
2024 Expected Comp: 200k base + 100% bonus
Notes/Performance: Year-end review and fund performance were both good.
4mo out of undergrad
Asset Backed Securities
125k Base + 25k Bonus (50k annualized)
3 and half years on Buyside (6 years industry exp)
Equities/Industrials coverage (Large LO in London)
2022: £62 £19k bonus
2023: £67k £28k bonus
2024: not communicated yet
This seems quite low even for London? Assuming not large US LO? What sort of size is your firm?
Yup. I know it’s low which is why I’m planning to leave next year at 5 years experience. Hoping for £120-£130k and 100% bonus in London.
the firm I’m at is well known for paying low end. It’s a large firm (£100bn+ AUM). But not a US firm…
7 years since undergrad / 1 on buyside (post MBA so 5 YOE total)
Equity analyst at large boutique
2023 comp: $150 base $100 bonus
2024 expect: $175 base $150 bonus
Does the pre MBA 4 years include PE buyside? Or just transitioned to buyside after MBA? Does that make a difference?
Transitioned post-MBA so no buy side before. But no it wouldn’t make a difference as this was standard offer for my firm. PM told me comp should scale to $500+ TC over next 2-3 years. $250-350 generally the range for post-MBA depending on firm you go to and location. I am at a big fund but not in a HCOL city fwiw.
YoE (since Grad / on Buyside): 6 years since undergrad all in buyside
Sector Focus/ Asset Class: Equities
2023 Comp (Base + Bonus): $175k base + $300k bonus
Notes / Performance: Good year but not great. Boutique investment firm.
Wow great year, don’t want to ask for specifics but any chance you could name comparable shops? Or any other color about structure of similar firms?
It's a boutique shop ($15-30bn) with a niche investment style investing globally. At this size, there aren't too many "comparable" shops but when we invest, we often run into guys at shops like Kayne Anderson, RCG, Matthews, Royce, etc. The company runs pretty lean with <10 IPs and the culture & comp are extremely performance based (hence, my 2023 comp was ok and not great).
.
YoE (since Grad / on Buyside): 1 year
Sector Focus/ Asset Class: Trading Analyst
Total 2023 Comp (Base + Bonus): 120 + 60 bonus
Notes / Performance: Going to be busy year for us
YoE (since grad / on buyside): 10 years since undergrad. T1 city.
Sector Focus/ Asset Class: Generalist
Total 2023 Comp (Base + Bonus): 165k base + $110k bonus
2024 Expected Comp: 165k base + Max potential of 100% bonus
Notes/Performance: Year-end review was good, fund performance wasn't good.
Boutique?
Boutique that got acquired by a large AM
YoE (since Grad / on Buyside): 6 total / 1 buyside
Sector Focus/ Asset Class: index equity
Total 2023 Comp (Base + Bonus): £110k + £20k
Total 2022 Comp (Base + Bonus): I changed job... ~€75k ish
Notes / Performance: poor years
What numbers would you expect in a decent year?
Bonus of 50%
YoE: 3 YOE in total, 1 YOE on the buy-side
Sector Focus/ Asset Class: Equities
Total 2023 Comp (Base + Bonus): $150,000 base + $100,000 bonus
Notes / Performance: Good review
What did you do prior?
Equity Research
Class of 2020 / on Buyside for 2 years
Sector Focus/ Asset Class: Financials equities
Total 2023 Comp (Base + Bonus): 120 + 100
Total 2022 Comp (Base + Bonus): 110 + 55
Riich - T1 LO?? Good #'s
T2. Performance was solid, I had a good review, and there was a lot of turnover last year from poor comp, so they wanted to keep people happy.
11 YOE total
$250k base + $250k bonus. T2 LO
How does this rank relative to your past comp? Was it a good year for you and the fund?
Down from ‘21 and flat vs ‘22. Performance was good but flows were bad
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